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Published 10:01 23 Apr 2016 BST
Updated 16:31 23 Apr 2016 BST
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"If you look back at Wenger’s 20 years in English football, there are so many highlights, but that day in July 2013, with the bid that enraged Liverpool, cannot be ignored. Not signing Suarez is the biggest mistake of Wenger’s reign. "Had Arsenal pushed the boundaries for Suarez, perhaps with an offer of £50m, I believe they would have won the Barclays Premier League in two of the last three seasons. That’s the thing about Suarez: whichever team he plays for, he drags them to a higher level."
Carragher makes reference to how Suarez almost helped Liverpool, win the league in 2014, while he had a transformative effect on both Ajax and the Uruguay national team when he broke through at the start of the decade.
Carragher also feels the best exit strategy for Wenger would be to stay through this summer, and then announce he is quitting next year to give the club time to organise his replacement
"The ideal scenario would be for him to say in August: ‘This is going to be my final 12 months.’ Doing that would get rid of all the uncertainty about his contract; it would hopefully prevent the atmosphere becoming toxic. "Most importantly, however, it would provide the time frame for Arsenal to begin preparations for a new era. Wenger is so intrinsically linked with the club that his stamp is all over it and we have seen with Manchester United the problems that can occur when one long reign ends."

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